Multiple Choice
A bond has a par value of $1,000, a current yield of 6.25 percent, and semiannual interest payments.The bond quote is 100.8.What is the amount of each coupon payment?
A) $63.00
B) $31.50
C) $37.50
D) $62.50
E) $31.25
Correct Answer:
Verified
Correct Answer:
Verified
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